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in washington is the middle class. >> the hardest most biggest segment of the population it is supposed to hit if this does happen. delia goncalves is live with more. >> reporter: good morning. absolutely. this is a very complicated issue that seems to just be boiling over without any real compromise, even though we saw some signs of promise a couple of weeks ago. another stalemate here on capitol hill. easily everyone agrees that middle-class families should be spared in this whole situation. they stand to see on average tax increases of $2,000 if congress doesn't take action. so everyone agrees let's spare middle-class families. the only thing that folks are disagreeing on are two other proposals that could possibly solve this fiscal crisis. the first proposal, democrats want to raise taxes on the wealthy 2%. but republicans favor tax reform instead. they say raising taxes on the wealthy could hurt business. the other solution, possible solution involves raising the debt ceiling. president obama advice sid a falls church -- visited a falls church family. the president says it's imperative th
mergener, for cbs news, washington. >>> time right now is 6:07 and i'm watching your money. we're going to have to see if wall street can finally ends its losing streak today. stocks have been down for four trading sessions in a row and yesterday did have the deposit of territory briefly after lawmakers agreed to meet sunday to discuss the fiscal cliff. but the dow actually fell 18 points, the end of the trading day. the nasdaq dipped by four. so far this year individual investors have pulled $150 billion out of the stock market for the third year in a row. constitutional investors -- institutional investors however, they've been adding to their stock positions. they've poured more than $80 billion into stocks so far this year. >>> mortgage rates fell to near record lows this week. freddie mac says the average rate on a 30 year loan slipped to 3.35%. that's not far from the record of 3.31% we reached about a month ago. low rates are making home buying more affordable and allowing more americans to refinance their loans. >>> and more americans are shifting to e-books nowadays. the pew r
american elected to congress. he spent 50 years in washington serving the people of hawaii. he died last week at age 88. >>> senator michael crapo of idaho has been arrested and charged with driving under the influence. police in alexandria, virginia pulled the senator over sunday morning for running a red light. police say crapo failed a field sobriety test. the senator issued a statement saying he was deeply sorry and would deal with whatever penalty comes his way. >>> he says he loves christmas. that is his favorite time of the year. for the past 50 years, joseph has had the great passion of decorating his home in fairfax county to be a local must see. but this year he has decided to do something different to benefit the very special children of st. jude's children's research hospital. joining me this morning is joseph. good morning. thank you. who do you have there with you? >> good morning. how are you? >> i'm well. who is standing there with you? >> my wife who is my rock. she's responsible for all the things that i do. >> joseph and tamara, thank you for being with us. tell us abo
of black owned businesses in the washington, d.c. area, getting the loan, the credit, the support to keep their doors open, too. >> community banks all over the country means so much for their communities. we make up 40% of small business loans. you know the impact on the economy. so it's very important that banks like ours stay in business and thrive. >> doyle, are you paying attention to the fiscal cliff? is it going to have an impact if they don't do something on smaller banks, on the community in general? >> it's going to have an impact on all of us certainly. something has to be done about the national debt and we're all going to have to kind of tighten up and pay a little bit. >> we say this is a family- owned business. you co-wrote the book with your sister patricia who is an executive in the bank as well. was there any doubt that you would go into banking, the business your grandfather and father started and continued? >> kind of. my mother was a music teacher and i love music, but i also like architecture. so i went to rutgers, i was undecided as to a major. i wasn't quite sure t
experience christmas in washington, d.c. >> reporter: a celebration for the nation honestly and really for the folks who are coming here and for you at home, make sure you stay tuned. at 5:00 we will bring this to you live. so watch us later tonight. if you can't make it out here, make sure to watch us because we will bring you up close and personal to all the celebrations happening here. coming up at 6:30, we'll tell what you to bring if you are coming down and what you should probably leave at home. we'll see you in a half-hour. mike, annual dray ya, back -- mike, andrea, back to you. >> thank you, delia goncalves. >>> 9news continues to prepare us for the upcoming fiscal cliff and how it will impact your money. >> jessica doyle is helping lead the effects on you team. this morning she's talking about how falling off that cliff will affect students in the classroom. jess? >> that's right. thanks so much. the fiscal cliff could hit our schools hard. it could be especially tough for programs that help children in need. joining me this morning is meg, the president of the national educa
. >> reporter: the dance is coming to us. the dance is coming to washington. it is the biggest game in 20 years. i couldn't be happier about it and we are going to the super bow . >> reporter: no one can contain their excitement. however they have got to hold on for another game. we play seattle next sunday here at home. another big game again in one more week. back to you. >>> thanks delia. trying to get reaction of the two people that are still up. >>> secretary of state hillary clinton is in the hospital this morning. she has a blood clot. doctors discovered this clot during a follow-up exam she had sunday. she was already being treated for a concussion. clinton's spokesperson said she will be in the hospital the next 48 hours so doctors can monitor medication levels for this ct. >>> former president george h.w. bush remains in the hospital in houston. the 88 yelled was moved out of intensive care and into a regular hospital. he had been in icu, trying to get rid of a persistent fever. former president bush has been hospitalized since november 23rd with an illness that started with a bronchi
Search Results 0 to 5 of about 6